view of front of property with covered porch, a garage, and roof with shingles Features: porch, fence, garage More Photos

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    For Sale - 1429 Meadow Drive, Greely - Metcalfe - Osgoode - Vernon and Area, Ontario

    Est payment $4,704/mo
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    Time on Jump  117 day

    AI Summary *

    • Fully tenanted property with diverse income streams on 1.09 acres.
    • Main house offers two updated residential units generating solid monthly income.
    • Includes insulated garage and commercial-grade Quonset hut for extra revenue.
    • Spacious, fenced lot with beautiful landscaping and area for gardens and pets.
    • Conveniently located near Ottawa airport and various local amenities.




    Incredible investment opportunity! This beautifully renovated, fully tenanted income property offers multiple revenue streams on a sprawling 1. 09-acre lot in the heart of greely. Boasting vm-3 zoning, this versatile property provides endless potential for investors. The main house features two beautifully updated residential units: unit a: a spacious 4-bedroom, 1. 5-bath unit with soaring 10-ft ceilings in the living room, generating $2,850/month. Unit b: a cozy 1-bedroom, 1-bath unit, bringing in $1,800/month. Additional income sources include: insulated 2-bay garage: renting for $1,431/month. Commercial-grade, fully insulated quonset hut: featuring 1,800 sq. Ft. Of warehouse space with two man doors and two garage doors, 200 amp panel, leased at $2,375/month + propane. Cap rate of 7. 68%%, this property is both a stable and high- potential addition to any investment portfolio. Cash flow of about $2,040/mth. 1. 51 dscr. Roi over 19. 55%. The huge fenced lot, bordered by a creek, offers beautiful landscaping, ornamental trees, perennial gardens, and plenty of space for vegetable gardens, play structures, or pets. Located just 16 minutes from the ottawa international airport and 7 minutes from findlay creeks shopping district, this property is conveniently close to schools, parks, the library, grocery stores, and the post office. Steeped in history, the "old post" has served as a post office, country store, and village center for over a century. Whether you're looking to expand your investment portfolio or explore new business opportunities, this rare find is not to be missed! Village mixed-use (vm3) zoning allows for residential and non-residential uses including: community centre, day care, food production, municipal service centre, personal service business, restaurant and retail store. Call today for more details or to book a viewing!
    Listing IDX12465411
    Address1429 Meadow Drive
    CityGreely - Metcalfe - Osgoode - Vernon and…
    Price$949,000
    Bath3 Full
    StyleCommercial Retail
    Land Size1.08
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailHeating / Cooling Gas Forced Air OpenSewer Septic

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    Listing Agency:  EXIT REALTY MATRIX
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    1429 Meadow Drive
    Greely - Metcalfe - Osgoode - Vernon and Area , Ontario
    3 $949,000
    Get more info